How much rent can you afford in Clovis, NM?
Run your salary against Clovis's current rent, or find the income you'd need for a target rent. Powered by live RentDataNow medians.
The 30% rent rule, in Clovis
At a median rent of $1,272/mo, Clovis is affordable when measured against Clovis median household income of $54,820/yr. Rent would consume roughly 28% of pre-tax income, and a salary of about $50,880 keeps rent at the recommended 30% threshold.
How Clovis compares nearby
Median rent for the closest cities with data.
Frequently asked
How much rent can I afford in Clovis?
On a $54,820 salary (the Clovis median household income), the recommended ceiling is 30% of pre-tax income, or about $1,371/mo. Clovis's median rent is $1,272/mo. Use the calculator on this page to run your own salary.
What salary do I need to live in Clovis?
To keep Clovis's $1,272/mo median rent under 30% of income, you'd need about $50,880/yr. Lower your target share (e.g. 25%) to need more, or raise it (e.g. 40%) to need less.
Is Clovis affordable on the median New Mexico income?
Clovis is affordable on a $54,820 income. Rent would take 28% of pre-tax pay, inside the recommended 30% threshold.
What's the 30% rent rule?
The 30% rule is a long-standing budgeting guideline that keeps rent at or below 30% of gross (pre-tax) income. It leaves enough room for utilities, transit, savings, and debt service. In high-cost markets, many renters exceed 30%, and the Census Bureau classifies households paying more than 30% of income on rent as "cost-burdened".